Dried Fruit Market Size $15.5B Worth By 2030 @ CAGR 5.70% – Market Research Futures Report (MRFR)

Information on trends and prospects of the dried fruit market by type (apricots, figs, dates, raisins, berries, and others), by category (conventional and organic), by application (bakery and confectionery, dairy and frozen desserts, breakfast cereals , Beverages, Sweets, and Savory Snacks and Others) and Region (North America, Europe, Asia-Pacific, and Rest of the World) Competitive Market Growth, Size, Share, and Forecast to 2030

/EIN News/ — New York, USA, Nov. 22, 2022 (GLOBE NEWSWIRE) — Nuts Market Overview

According to a comprehensive research report from Market Research Future (MRFR), “Nuts Market Information by Type, Category, Application and Region – Forecast until 2030“, the market will reach $15.5 billion by 2030, at a CAGR of 5.7%.

Market Overview

The diet of every age group has included dried fruits, increasing the demand worldwide. The demand for nuts is being boosted by the use of these items in various kitchens, including cafes and restaurants. The increased health awareness among customers allows them to eat foods rich in nutrients, protein and vitamins. Dried fruits contain fiber, potassium, folate, and magnesium. In addition, they contain antioxidant effects that decrease inflammation and oxidative stress in the pancreas while increasing insulin responsiveness. Vitamin C, which strengthens the immune system and improves the appearance of the skin, is abundant in dried fruits. The market is driven by the increasing use of dried fruits in common foods, including baked goods, chocolates, and candies.

In addition, dried fruits have several health benefits and can help maintain weight. Packed with various nutrients and minerals, dried fruits offer many nutritional advantages. Young adults’ need for dried fruit has increased considerably due to the recent trend toward high-protein diets. The appeal of healthy snacks among consumers has grown due to increased awareness of obesity and lifestyle-related diseases. Snack bars, baked goods, and breakfast cereals made with dried fruit are becoming increasingly popular with consumers.

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Scope of the report:

report attribute Details
Market size in 2030 $15.5 billion
CAGR 5.7%
base year 2021
forecast period 2022-2030
Historic information 2020
forecast units Value (billions of USD)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
segments covered By type, category, application and region
Geographies covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers Growing consumer inclination towards clean label products.
Consumer willingness to buy healthy products

Market Competitive Landscape:

The main competitors in the dried fruit market are:

  • Kiantama Oy (Finland)
  • National Raisin Company (USA)
  • California Sun-Maid Producers (USA)
  • Bergin Fruit and Nut Company Inc. (USA)
  • Traina Foods (United States)
  • Red River Foods Incorporated (USA)
  • Dole Food Company Inc (USA)
  • Sunbeam Foods Pty Ltd (Australia)
  • Lion Raisins Inc (USA)
  • Fruits of Paradise (Germany)

Covered USP Market:

Market indicators:

To stay healthy and reduce the risk of some lifestyle disorders, consumer demand for functional foods has increased due to increasing health concerns. To balance their dietary intake, people are still looking for healthier options in supermarket aisles. In retail channels, foods packed with nutrient-dense components such as fiber, micronutrients, protein, and healthy fats are becoming increasingly popular. Due to increased health and fitness awareness, consumers are becoming more interested in purchasing clean label and organic items. Demand for various dried fruits in the global convenience food and snack food business is anticipated to increase due to the growing popularity of such nutritious, health-promoting meals.

In addition, the growing demand for nutritious ready-to-eat foods among youth and workers is projected to boost the market for dried fruits and nuts worldwide. Consumers’ increased awareness of the drawbacks of artificial colors and flavors has encouraged them to adopt healthier eating practices. Clean or easy-to-use labels remove the distraction of excess information and provide helpful details, giving customers a sense of control over their health. Because customers want food without artificial additives or preservatives, clean label products are in high demand.

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Market restrictions:

Agroclimatic conditions can hinder the market for nuts. In addition, since a part of the vitamins in dried fruits are lost during the dehydration process, hypersensitivity to certain fruits can make it difficult to expand the market. The increase in sales figures for nuts to add nutrients to meals is largely attributed to the highly fragmented industry, lack of brand awareness, and lack of consumer loyalty.

COVID-19 analysis

The lockout and global lockdown in various regions of the world have had an impact on nut production. International market trends have been affected by other issues, such as production staff shortages, manufacturers’ production problems, and transportation shortages. Additionally, global sales of nuts have been impacted by the mandatory closures of supermarkets and hypermarkets. In order to accelerate the expansion of the global market and increase the size of the dried fruit market during the research period, current market participants have chosen new strategies. The pandemic hit merchants hard. However, widespread lockdowns and shopping frenzy boosted demand for dried fruits and nuts around the world. Customers are increasingly drawn to healthy, organic and plant-based snack options.

Market segmentation

By application, the market includes bakery and confectionery, breakfast cereals, beverages, dairy products, frozen desserts, and sweet and savory snacks. By type, the market includes apricots, raisins, figs, dates, and berries. By category, the market includes conventional and organic.

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regional perspectives

The dried fruit market in Europe is the second largest in the world. The European market would be driven by the increase in production facilities and the strong sales and distribution networks of various companies. Due to the increasing demand for ready meals, the UK and Germany are expected to become the leading countries in this area. Breakfast cereals, such as muesli and granola, that use dried organic fruit as main ingredients, snack bars and granola bars that contain multiple or undercooked dried fruits and nuts, and packets of dried fruits and nuts Small size blends are becoming increasingly popular with consumers in North America and Europe. Clean label dried fruits and nuts made with organic components are safer than traditional ones.

Ready-to-eat dried fruit snacks are growing in popularity as they are portable and meet daily nutritional requirements. Malaysia is exhibiting strong growth potential over time in the South Asian market. With consumer adoption of food products with powerful health benefits to prevent heart disease and promote weight loss, there is significant demand for dried fruits. The increase in China, India and South Korea is anticipated to be accelerated by the amount of raw materials and the continued growth of the food and beverage sector. Demand for citrus and orchard fruits, including freeze-dried lemons and oranges, is anticipated to be quite high during the projection period.

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